If you have played Donkey Kong Returns on the Wii it certainly has the old-skool monkey and ape feel similar to that. So in my opinion it does live up to it. Beware as your nostalgia may get the better of you though, haha. My own nostalgia did it to me once with Super Mario Kart, never looked at that game the same since.

edit:

I've not played it yet though but I will.